About Service Sector Detailing
About Service Sector Detailing
The IT & Electronics industry is one of the fastest growing industries in the context of service
sector in Uttar Pradesh and Eastern UP, both in terms of production and export, Information
Technology and Business process management. The Indian IT & Electronics industry adheres
to quality processes and standards, with most companies aligning operations with
international standards.
Tourism
The tourism and hospitality industry in Uttar Pradesh and Poorvanchal has emerged as one of
the key drivers of growth among the services sector. Tourism in India has significant
potential considering the rich cultural and historical heritage, variety in ecology, terrains and
places of natural beauty spread across the country. Tourism is described as an industry with
eight sectors which are; accommodation, adventure tourism and recreation, attractions, events
and conferences, food and beverage, tourism services, transportation, and travel trade.
Culture
Culture play a key role in the growth and development of service sector in Uttar Pradesh and
Easter UP. Culture refers to the cumulative deposit of knowledge, experience, beliefs, values,
attitudes, meanings, hierarchies, religion, notions of time, roles, spatial relations, concepts of
the universe, and material objects and possessions acquired by a group of people in the course
of generations through individual and group striving.
Transport
Transport is the movement of humans, animals and goods from one location to another and
its planning is required in the operation, provision and management of facilities and services
for the modes of transport to achieve safer, faster, comfortable, convenient, economical and
environment-friendly movement of people and goods. It is the process of defining future
policies, goals, and investments related to service sector in Uttar Pradesh and Easter UP and
designs to prepare for future needs to move people and goods to destinations.
Institutional Finance
The Institutional Finance act as an intermediary or link between savers and investors. It is
playing key role in growth and development of service sector in Uttar Pradesh and Easter UP.
They provide finance and financial services in areas which are outside the purview of
traditional commercial banking. Institutions Financial provide long term finance, which are
not provided by commercial banks. The funds are made available even during periods of
depression, when other sources of finance are not available.